Stock Market & Financial Investment News

Synchronoss price target raised to $46-$48 from $38-$41 at Wells FargoWells Fargo increased its price target on Synchronoss after attending the company's Analyst Day, as the firm now has a much higher degree of confidence in the long term revenue outlook of its cloud business. The firm thinks the company's 2014 cloud revenue guidance could be conservative, and keeps an Outperform rating on the shares